The “race to the bottom” is still on.
Japan has been the leader since the late 1980’s and their citizens still save while they can’t stop the Yen from going up.
Central bankers around the world have been trying to fight “deflation” with “inflation” since its the only tool they have, the printing press.
Safe money is wholly different than speculative money and the “safe money” is more concerned with their return of capital as opposed to their return on capital.
The world is flooded with “Safe money” because they don’t see very many real opportunities vs. the risk of losing money.
Not until there’s a major breakthrough in technology will this safe money really move. But when that breakthrough occurs or shows some real promise, the money will move so fricken fast that it will leave most people wondering if it’s to late to get in.
Part of that search for safe money is why so many are buying investment real estate.